Boeing CEO says the company will begin furloughs soon to save cash during labor strike

2024-12-25 00:33:15 source: category:Contact-us

Boeing’s CEO said Wednesday that the company will begin furloughing “a large number” of employees to conserve cash during the strike by union machinists that began last week.

Chief Executive Kelly Ortberg said the layoffs would be temporary and affect executives, managers and other employees.

About 33,000 Boeing factory workers in the Pacific Northwest began a strike Friday after rejecting a proposal to raise pay by 25% over four years. They want raises of at least 40% and other improvements in the deal that they voted down.

The furloughs are expected to affect tens of thousands of Boeing employees. Ortberg said employees will be furloughed for one week every four weeks, and he and other senior executives will take pay cuts during the duration of the strike.

More:Contact-us

Recommend

FC Cincinnati player Marco Angulo dies at 22 after injuries from October crash

Major League Soccer player Marco Angulo, a defender who helped FC Cincinnati win the Supporters’ Shi

In $100 Million Colorado River Deal, Water and Power Collide

Colorado’s Glenwood Canyon is as busy as it is majestic. At the base of its snowy, near-vertical wal

Super Bowl thriller was the most-watched program ever, averaging 123.4 million viewers

The longest Super Bowl game will also go down as the most-watched program in television history.Acco